Cotton Purchase And Storage Started, But For Two Consecutive Days, Zero Turnover.

China starts new cotton temporary in 2011

The 8 day is the first time in China to open and store cotton at the lowest protective price for the first time.

Since then, the government has not set the minimum protective price for cotton belonging to cash crops because of scruples about cotton and grain competition.

Since the beginning of the new cotton market at the beginning of this month, cotton prices in the domestic market have been lower than the 19800 yuan / ton temporary purchase and storage price announced by the state for 5 consecutive working days.

However, after the 8 day purchase and storage was officially launched, the storage and storage capacity of the Central Cotton store was 24 thousand and 300 tons.

The 9 day appears again.

Some analysts pointed out that the main factors leading to the zero turnover of cotton purchase and storage were:

First, the minimum demand for storage requirements.

Two is the 7 day in the announcement issued by the central reserve, said the storage and pportation enterprises from the date of the paction within 10 days will deliver the storage cotton to the designated storage, the time is more urgent, do not allow enterprises to first shoot after storage.